TALLINN STOCK EXCHANGE

ANNOUNCEMENT

17.05.99

 

DECISIONS OF THE TSE SUPERVISORY BOARD

 

The Supervisory Board of the Tallinn Stock Exchange held a meeting on 

Monday, 17.05.1999. 

 

The Supervisory Board approved the 1998 management report and agenda 

for the annual general meeting of shareholders, and heard the TSE Q1 

1999 management report presented by the Chairman of the Management 

Board. 

 

The Supervisory Board recalled the following members of the 

Management Board: Jüri Käo, Hilma Naaber, Toomas Tsopp and Margus 

Uudam. The Management Board of the TSE will continue with two 

members, including Gert Tiivas and Jaanus Erlemann. The 

aforementioned decision proceeds from the TSE management 

restructuring plans, according to which the owners of the Tallinn 

Stock Exchange will be represented only in the Exchange’s Supervisory 

Board. 

 

The Supervisory Board appointed Kilvar Kessler the Chairman of the 

TSE Surveillance Committee. 

 

The Supervisory Board satisfied the resignation application of the 

member of the TSE Listing Committee, Mart Mägi. The Supervisory Board 

elected Roy Vaimand (manager of the corporate finance department of 

KPMG Estonia), Mart Habakuk (manager of the corporate finance 

department of PriceWaterhouseCoopers) and Erkki Raasuke (chief 

financial officer and member of the Management Board of Hansapank) 

the new members of the TSE Listing Committee. 

 

 

TSE